The last-mile delivery commercial vehicles market, a critical component of the modern logistics sector, is projected to surge from US$ 77,982.14 million in 2024 to US$ 132,587.38 million by 2031, demonstrating a Compound Annual Growth Rate (CAGR) of 26.9% from 2025 to 2031.

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This significant growth is primarily fueled by the booming e-commerce industry, increasing consumer demand for swift and convenient deliveries, and ongoing global urbanization. In 2024, the market was valued at approximately US$ 77 billion, with vans and light trucks dominating deliveries due to their capacity and adaptability.

As online retail continues to expand, businesses and logistics providers are heavily investing in cutting-edge technologies, sustainable solutions, and enhanced infrastructure to streamline delivery networks and cater to evolving customer expectations.

Geographically, North America and Europe currently hold the largest market shares, attributed to their well-developed logistics infrastructure and high e-commerce penetration. However, the Asia-Pacific region is emerging as the fastest-growing market, driven by rapid digital adoption and urbanization. The market is intensely competitive, with both established logistics behemoths and innovative startups striving to boost efficiency, cut costs, and improve customer satisfaction. Furthermore, growing environmental awareness is accelerating a transition towards electric and low-emission commercial vehicles, fundamentally transforming the market landscape.

The global last-mile delivery commercial vehicle market is experiencing significant growth, driven by e-commerce expansion, urbanization, and a growing emphasis on sustainable logistics.

Market Segmentation:

The market is segmented by:

• Drive Type: (Specific segments not provided in the input, but implied as a key segment).
• Propulsion Type:
• ICE (Internal Combustion Engine): Dominated the market in 2024, primarily due to an extensive and well-established fuel infrastructure globally, ensuring easy refueling and minimal downtime, particularly in regions with developing EV charging networks like Asia-Pacific and Latin America.
• Electric: Gaining traction due to increasing environmental concerns, stricter emission regulations, and significant investments by major logistics players.
• Sales Channel: (Specific segments not provided in the input, but implied as a key segment).
• Vehicle Type:
• Cars
• Vans: Led the market in 2024 due to their versatility, efficiency, and adaptability for urban logistics. They offer a balance of cargo capacity and maneuverability, making them ideal for navigating congested city streets.
• Trucks
• End-User:
• E-commerce: The dominant end-user due to its explosive growth, high delivery volume, and consumer demand for fast, efficient service. The surge in online shopping necessitates agile vehicles for millions of daily deliveries.
• Food Delivery
• Courier Services
• Others
• Geography:
• North America: Dominated the market in 2024.
• Europe
• Asia-Pacific: The fastest-growing region, led by China, India, and Japan, with significant surges in demand in Southeast Asian countries like Indonesia, Vietnam, and the Philippines due to rising incomes and urbanization.
• Middle East & Africa
• South & Central America

Market Drivers and Opportunities:

1. Sustainability and the Shift Toward Electric Commercial Vehicles:
• Drivers: Growing environmental concerns, stricter emission regulations, and corporate sustainability goals are accelerating the adoption of electric and alternative fuel vehicles. Companies like Amazon and FedEx are heavily investing in electric fleets.
• Opportunities: Advances in battery technology and expanding charging infrastructure are making electric last-mile delivery more feasible and cost-effective, appealing to eco-conscious consumers and enhancing brand image.
2. Adoption of Advanced Technologies and Innovative Delivery Models:
• Opportunities: The integration of autonomous vehicles, drones, and delivery robots promises to reduce costs and increase efficiency. Crowdsourced delivery models and micro-fulfillment centers enable faster and more flexible services. Data analytics and predictive modeling allow for improved demand forecasting and resource allocation, offering a competitive edge to companies that invest in these innovations.

Market Size and Share Analysis:

• Vans were the leading vehicle type in 2024, attributed to their optimal balance of cargo capacity and maneuverability for diverse urban delivery tasks.
• ICE commercial vehicles maintained dominance in propulsion type due to their established and widespread refueling infrastructure, ensuring operational continuity.
• E-commerce was the largest end-user segment, driven by the massive volume of online shopping deliveries and the need for efficient urban logistics.
• North America was the dominant geographical market in 2024, while Asia-Pacific emerged as the fastest-growing region, fueled by rapid economic development and urbanization.

Market leaders and key company profiles

  Amazon Logistics

  DHL

  FedEX

  UPS

  Alibaba

  JD.Com

  Kerry Logistics

  Zepto

  Blinkit

  and Grab

Last Mile Delivery Commercial Vehicle Market Report Coverage and Deliverables

The "Last-mile delivery commercial vehicles Market Outlook (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Last-mile delivery commercial vehicles market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Last-mile delivery commercial vehicles market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed Porter's Five Forces and SWOT analysis
• Last-mile delivery commercial vehicles market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Last-mile delivery commercial vehicles market
• Detailed company profiles

Last-Mile Delivery Commercial Vehicles Market Overview

Geographical Scope and Market Segmentation

The global last-mile delivery commercial vehicles market is segmented into five key regions:

1. North America
2. Asia-Pacific (APAC)
3. Europe
4. Middle East & Africa (MEA)
5. South & Central America

The Asia-Pacific region is projected to witness the highest growth during the forecast period, driven by rapid e-commerce expansion and infrastructure development.

Market Leadership: North America Dominates

In 2024, North America holds the largest market share (over 35%), attributed to:

• Advanced logistics infrastructure (extensive road networks, distribution hubs).
• Major e-commerce players (Amazon, Walmart, Target) setting high standards for fast deliveries.
• Technology adoption: Route optimization, real-time tracking, and electric vehicle (EV) integration.
• Consumer expectations: Same-day/next-day delivery is now the norm.

Fastest-Growing Region: Asia-Pacific

The APAC market is expanding rapidly due to:

• Rising middle-class population, smartphone penetration, and internet access.
• Dominance of e-commerce giants (Alibaba, Flipkart) and quick-commerce platforms.
• Heavy investments in last-mile logistics to meet increasing demand.

Report Structure & Key Insights

The Last-Mile Delivery Commercial Vehicles Market Research Report provides:

1. Key Takeaways (Chapter 2) – Market trends and outlook.
2. Research Methodology (Chapter 3) – Data collection and analysis approach.
3. Ecosystem & Porter’s Analysis (Chapter 4) – Industry dynamics and competitive forces.
4. Market Dynamics (Chapter 5) – Drivers, restraints, opportunities, and future trends.
5. Historical & Forecast Data (Chapter 6) – Market revenue projections up to 2031.
6. Segment Analysis (Chapters 7-10) – Breakdown by vehicle type, propulsion, end-user, and region.
7. Competitive Landscape (Chapters 11-12) – Heatmap analysis, mergers, partnerships, and key developments.
8. Company Profiles (Chapter 13) – SWOT analysis, financials, and strategic initiatives of major players.

Recent Market Developments (2025)

• Eicher Motors & Amazon partnered to deploy 1,000 electric trucks for Amazon’s last-mile fleet over five years.
• FedEx expanded its EV fleet in India with 13 Tata Ace EVs in Mumbai, aiming for carbon neutrality by 2040.

Key Data Sources

• American Trucking Associations
• Association for Supply Chain Management
• European Logistics Association
• Japan International Freight Forwarders Association

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Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights